IEA Sees OPEC Extending Deal; Oil Falls On U.S. Stockpile Gain

The International Energy Agency expects OPEC will continue its supply cut after the current deal expires in March, but oil prices fell early Thursday as industry reports suggest an increase in U.S. crude stockpiles.

XAutoplay: On | Off"There is little doubt that leading producers have re-committed to do whatever it takes to underpin the market, according to IEA's monthly report.

Despite OPEC's pact to curb production, it rose last month by 100,000 bpd as higher output from Libya and Iraq...

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